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24 CFR 203.321

§ 203.321 Effect of termination.

United States · 24 CFR — Housing and Urban Development · Status: effective

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24 CFR 203.321, § 203.321 Effect of termination, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99546
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Upon termination of the contract of insurance, the obligation to pay any subsequent periodic MIP or open-end insurance charge shall cease and all rights of the mortgagor and mortgagee shall be terminated, except as otherwise provided in this part.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.